It's a very competitive market there.I think your 203k approach will likely be a leg up in deal hunting as you'll be able to take on an investment that needs a bigger scope of work while others might be looking for a more standard value add situation.let's connect. i'd love to help however i can

I think we are competitively priced, so most of out tenants have been renewing, but we plan to test higher rents in 2025  for our larger apartment buildings to account for the steep increase in insurance prices.There have been A LOT of new apartment buildings put up recently in the Cedar Rapids metro area, so depending on the class of tenant you have, maybe that could account for some of softening you are seeing? 

Strong rental demand: With major employers like the Cleveland Clinic and University Hospitals, along with a growing arts and culture scene, Cleveland attracts a steady stream of renters.Revitalization efforts: Many areas of Cleveland are experiencing significant revitalization, which can lead to increased property values and appreciation potential.I can't comment on the Detroit market specifically, I have never been and have never done any research on it!

I understand that submitting non contingent offers makes you competitive, but it is never a good idea.

Also do the enemy method (dot com) to suss out your competition. 

I stay current with market insights and hot trends so that I may make informed judgments and stay ahead of the competition.

I have always loved athletics because of competition and teamwork, but would like to enter the world of Real Estate.My short-term goals in Real Estate include starting a career in an aspect of Real Estate investment.

I couldn’t tell you what rates are today but I assume they are competitive.

The upside is that higher rates have taken some of the competition out of the market, and in the event rates lower, you can refi and make a good deal that much better.Having said that, there are plenty of financing options and you should absolutely talk to several local lenders and shop it around.Using an FHA product to purchase a multi-unit where you live in one and rent the other(s) is one way to avoid some of the highest rates (house hacking).

With growing tourism and lower competition, it’s a great way to maximize cash flow.- Creative Financing: Partnering with other investors, seller financing, or using HELOCs can help scale your portfolio faster while preserving your capital.- Land Development: Got an eye for raw land?